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eToro vs VT Markets 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between eToro and VT Markets? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, eToro ranks more highly than VT Markets.

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Compare

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Overall Rating eToro VT Markets
Overall Rating star 8.8 /10 star 7.3 /10
Offering of Investments star 9.5 /10 star 7.0 /10
Commissions & Fees star 8.5 /10 star 8.5 /10
Platform & Tools star 9.0 /10 star 7.5 /10
Research star 8.5 /10 star 7.0 /10
Mobile Trading star 8.5 /10 star 7.5 /10
Education star 9.0 /10 star 6.5 /10
Account Type eToro VT Markets
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Deposit/Withdrawal Options eToro VT Markets
Minimum Deposit info $10-$10,000 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
ACH or SEPA Transfers info Yes No
Copy Trading eToro VT Markets
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency eToro VT Markets
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) eToro VT Markets
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) eToro VT Markets
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments eToro VT Markets
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info Yes No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms eToro VT Markets
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses eToro VT Markets
Tier-1 Licenses info 3 1
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Research, Education eToro VT Markets
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes No
Trading Costs eToro VT Markets
Minimum Deposit info $10-$10,000 $100
Average Spread EUR/USD - Standard info 1 info 1.2 info
All-in Cost EUR/USD - Active info N/A 0.8 info
Active Trader or VIP Discounts info Yes No
Trading Tools eToro VT Markets
Watchlists - Total Fields info 6 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 104 15
Mobile Charting - Indicators / Studies info 104 30
Trust Factors eToro VT Markets
Year Founded info 2007 2016
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Trust Score info 90 70
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eToro vs VT Markets Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between eToro and VT Markets? Our independent database powered by our unbiased research will help you compare eToro vs VT Markets side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust eToro?

eToro has a Trust Score of 90, giving it a "Highly Trusted" Trust Score Label.

Can I trust VT Markets?

VT Markets has a Trust Score of 70, giving it a "Average Risk" Trust Score Label.

Is eToro a good broker?

Best known for its versatile and easy-to-use social copy trading platform suite for web and mobile, eToro offers a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. With licenses from multiple Tier-1 regulatory jurisdictions and a Trust Score rating of 90, we consider eToro to be a highly trusted broker. It's worth noting that eToro is not a discount broker (though it delivers more benefits than its competitors in the same price range). Trading forex and CFDs at eToro is slightly pricier than at many of its competitors, though the broker has recently lowered its spreads and introduced zero-dollar commissions for U.S. stock trading.

Is VT Markets a good broker?

VT Market offers its own proprietary mobile app as well as access to the full MetaTrader platform suite (including MetaTrader 5). VT Markets also offers support for popular third-party tools like Trading Central and trading signals from Acceage, as well as social copy trading from Zulutrade. Though the broker continues to evolve, there are fewer markets to trade than what is available at the best brokers, and its research and educational materials are limited. It's also worth noting that VT Markets no longer benefits from being part of the Vantage Group of companies, which weighs down its overall Trust Score.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. eToro holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). VT Markets, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, eToro is Cyprus (CySEC Authorised), while VT Markets is South Africa (FSCA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses unfortunately, neither eToro nor VT Markets are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that eToro offers a Proprietary Platform, whereas VT Markets supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does eToro offer MetaTrader? Does VT Markets offer MetaTrader?

For MetaTrader eToro provides neither of these, while VT Markets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do eToro and VT Markets differ in terms of minimum deposit? What about average spreads and funding options?

eToro requires a minimum deposit of $10-$10,000, while VT Markets requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that eToro supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas VT Markets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, eToro or VT Markets?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that eToro delivers a more diverse selection of investment options than VT Markets, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; eToro offers 3479, and VT Markets offers a total of 1000 tradeable symbols.

Can I trade cryptocurrency with eToro or VT Markets?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that eToro offers clients access to trading physical cryptocurrencies while VT Markets does not.

Who offers more research tools, eToro or VT Markets?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. eToro delivers the following research tools: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. VT Markets, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

eToro Review

VT Markets Review

Overall winner: eToro

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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